The Pain For Housing And The U.S. Economy Is Just Beginning

Bret JensenInvesting Group LeaderFollow5ShareSavePlay(9min)Comments(2)SummaryExisting home sales remain 25% below 2019 levels and are at their lowest since 1995, despite a larger population.Housing and related activities contribute roughly one-sixth of U.S. GDP, amplifying the sector's macroeconomic significance.Brief dips in mortgage rates below 6% sparked only short-lived refinancing activity, with rates rising again due to geopolitical tensions.The deteriorating housing market is poised to become a larger drag on the U.S. economy and consumer sentiment as 2026 progresses.The article below highlights the many factors pushing housing lower and negatively impacting the U.S. economy.Looking for a helping hand in the market? Members of The Biotech Forum get exclusive ideas and guidance to navigate any climate. Learn More » Douglas Rissing/iStock via Getty Images Existing home sales have run roughly 25% lower than 2019 levels since 2023 and are at their lowest levels since 1995, when the U.S. population was roughly 20% lower. Home building and housing-related activity account for approximately one-sixth of U.S. GDP. AThis article was written byBret Jensen57.22K FollowersFollowBret Jensen has over 13 years as a market analyst, helping investors find big winners in the biotech sector. Bret specializes in high beta sectors with potentially large investor returns.Bret leads the investing group The Biotech Forum, in which he and his team offer a model portfolio with their favorite 12-20 high upside biotech stocks, live chat to discuss trade ideas, and weekly research and option trades. The group also provides market commentary and a portfolio update every weekend. Learn More.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.